Milk Powder Prices Prop Up Farmgate Milk Price
Milk powder prices are keeping farmgate prices up, helping processors offset the dip in milk fat prices.
The overnight Global Dairy Trade (GDT) saw the price index rise 6.7%.
The whole milk powder index rose 8.4% to US$3027/metric tonne, the highest it has reached since May last year.
Key results
AMF index up 5.8%, average price US$5,579/MT
Butter index up 4.2%, average price US$4,445/MT
BMP index down 3.1%, average price US$3,158/MT
Ched index up 1.4%, average price US$3,565/MT
LAC index up 1.3%, average price US$1,035/MT
RenCas index up 10.9%, average price US$5,596/MT
SMP index up 3.9%, average price US$2,534/MT
SWP index not available, average price not available
WMP index up 8.4%, average price US$3,027/MT
